Unic Press UK: The African Development Bank Group in a press statement says it has approved a $210 million financing package to rehabilitate/upgrade Nigeria’s power lines and improve power transmission with regard to Nigeria Transmission Expansion Project (NTEP-1)
The $210 million facility approved for this project NTEP-1 that would run across several states, including Kaduna, Kano, Delta, Abia, Edo, Anambra and Imo, comprises a $160 million loan and an additional $50 million loan from the Africa Growing Together Fund.
The project involves constructing a 330kV double circuit quad transmission lines and substations; upgrading 263 km of 330kV lines; and adding 204 KM of new lines to increase TCN’s wheeling capacity, stabilize the grid and reduce transmission losses.
The AFDB added: “The project will also reduce the use of small-scale diesel generators and therefore contribute to the reduction of GHG emissions by saving approximately 11,460kt CO2 per year. The project will create about 2,000 direct jobs- 1,500 during construction and 500 during operations – especially for youth: 30% of these jobs are expected to be taken by women. By increasing electricity supplies to Small and Medium Enterprises, the project will foster the creation of additional indirect jobs.”
NTEP-1 is in line with AFDB’s High 5 priority to ‘Light up and Power Africa” and the New Deal on Energy in Africa. It is part of the AFDB’s support aimed at mitigating the power sector crisis in Nigeria and supporting the country’s strategic plans as articulated in its Economic Recovery and Growth Plan (2017-2020) and Power Sector Recovery Programme.